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Best practices

Slovak Compliance Circle is aware of its duty to provide the Slovak business environment with guidance on how to conduct itself ethically and sustainably in the long term. As stated in the objectives of the association, the SCC has begun to address this issue by the sharing of practical experience, but has come to the conclusion that this sharing must also have the ability to reach businesses that do not work with compliance so far. At the same time, the SCC believes that a part of sharing best practice is the development of a form of generally accepted standard for compliance based on international standards but also taking into account the legal and cultural specifics of the Slovak business environment.

In line with the agreed strategy for the gradual creation and publication of standards using the expertise of SCC members, a working group set up for this purpose started to create the framework document Slovak Compliance Standards - a framework for responsible business. Its aim is to provide and publish by the end of 2018 a basic overview of the compliance structure of a Slovak company in its six basic elements:

•Culture compliance - culture of ethics
•Risk compliance assessment
•Compliance rules and procedures
•Compliance organization
•Communication, training and education
•Continuous surveillance and correct response.